WASHINGTON 2021 REVISIONS TO FORM 35 – BUYER INSPECTION CONTINGENCY
Realtors in the State of Washington who do their due diligence can help their home buyer clients avoid waiving the buyer inspection contingency. Watch this 5 part Legal Hotline Series, “Don’t Do It”, with Annie Fitzsimmons, the Washington Realtors® legal hotline lawyer; and Ken Sax, the Managing Broker of Professional Realty Services International, as they discuss the best practices to comply with the 2021 revisions to FORM 35 (Inspection Contingency).
Slopeside Home Inspections offers professional home inspection services for buyers and sellers in the greater Vancouver WA and Portland Metro area. Our inspections are thorough and non-invasive, adhering to InterNACHI’s exceptional Standards of Practice.
NOTE: The contents in the YouTube videos, below, do not constitute legal counsel from Washington Realtors® or from Slopeside Home Inspections.
DON’T DO IT – PART 1 – SERIES INTRODUCTION
PART 1 – Series Introduction: Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons addresses some industry confusion surrounding the listing and buyer brokers in relation to the 2021 Washington revisions to Form 35 (Inspection Contingency). This series introduction provides some context and clarity about the prohibition on delivering any portion of the buyer’s inspection report to the seller without the seller’s consent and the consequence of doing so resulting in the buyer waiving inspection contingency, if the buyer or the buyer broker delivers any portion of the inspection report to the seller or to the seller’s listing broker. Watch Part 1…
DON’T DO IT – PART 2
PART 2: This video discusses some of the options for buyer brokers when they can’t include the Buyer’s Inspection Report, or any potion of the Buyer’s Inspection Report; with details about how they draft Form 35R (Inspection Response for Form 35).
Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons; and Ken Sax, the Managing Broker of Professional Realty Services International, are featured in this video. Watch Part 2…
DON’T DO IT – PART 3
PART 3: This video discusses what buyer brokers should do when they fill out a blank Form 35R when they know they need to provide a request of seller, to satisfy the buyer, but they can’t provide any portion of the inspection report without the seller’s prior consent.
Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons; and Ken Sax, the Managing Broker of Professional Realty Services International, are featured in this video. Watch Part 3…
DON’T DO IT – PART 4
Part 4: This video discusses what a buyer’s broker is to do if their buyer can’t get a contractor to review the property in a timely manner to provide a bid for the work that needs to be done to solve the problems identified by an inspector. It also address if it is a waiver of the buyer’s inspection contingency when the buyer attaches a bid from a contractor.
Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons; and Ken Sax, the Managing Broker of Professional Realty Services International, are featured in this video. Watch Part 4…
DON’T DO IT – PART 5
Part 5: In this video, Annie and Ken finish with a discussion about what some industry lawyers and real estate brokers are witnessing, such as listing brokers weaponizing the new language regarding the delivery of all or some portion of the buyer’s inspector report and how buyer brokers can draft the language to avoid that.
Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons; and Ken Sax, the Managing Broker of Professional Realty Services International, are featured in this video. Watch Part 5…